- CertiK Skynet has issued a warning regarding a phishing link shared on the Elmonx_Official Discord server.
- Users are cautioned against clicking on any links until the server's control is reestablished by the team.
- The suspicious link leads to a recognized phishing contract on the Ethereum blockchain, identified as 0x0000C122208D1cC66C72FD6BfDf8A93F2E660000.
- Chinese authorities have apprehended 22 individuals linked to a cryptocurrency #money laundering case involving approximately 300 million yuan (about $46 million).
- The operation was supported by a joint task force comprising the Yichang Public Security Bureau and the Changyang Tujia Autonomous County #Public Security Bureau.
- Main suspect Fu confessed to purchasing U-coin #cryptocurrency using loans and investments, engaging in a "running points" scheme.
- Fu sold U-coin to overseas individuals involved in scams, who transferred the ill-gotten funds to Fu's accounts for withdrawal.
- At the time of the arrest, suspects had garnered over 5 million yuan ($770,000) in illegal profits, with total money #laundering exceeding 300 million yuan ($46 million).
- On August 4, police disbanded the fraudulent group behind the upstream blockchain trading platform for the "running points" gang across various cities.
- Presently, 14 suspects have been criminally detained, suspected of aiding information network criminal activities and concealing criminal proceeds.
- The case remains under ongoing investigation.
- Zhu Su, the founder of Three Arrows Capital, has issued a statement about the separation of DeFiance Capital (DC) and Starry Night Capital (SNC) funds from Three Arrows Capital Ltd (TACL).
- Su clarifies that DC and SNC have always been managed separately from TACL's other funds in both procedure and practice.
- Su asserts that DC and SNC should be treated as independent funds since TACL's board did not actively manage them during their existence.
- As the #acting liquidator for TACL, Su accuses Teneo of making repeated attempts to seize assets of other investors.
